🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books

Business Economics Quiz 18 (25 MCQs)

Quiz Instructions:

Select an option to see the correct answer instantly.

1. Innovation in business involves

2. Which of the following is considered as a disadvantage of allocating resources using the market system?

3. A joint venture is

4. Products are commonly known as

5. Anything that is bought or sold is called a(n) _____

6. 'Kinked Demand curve approach' is concerned with

7. When the income elasticity of demand is greater than unity, the commodity is

8. Which of the following is the best general definition of the study of economics

9. Service (tertiary) producers _____

10. Microeconomics is also called as

11. 'Kinked' demand curve is related with

12. The Law of Dirninishing Returns is applied to all fields of production was stated by

13. In a economy, individuals are free to make their own economic decisions.

14. The customer of a service business is often called a _____

15. What effect does rising interest rates have on consumer spending?

16. In economics, capital goods include

17. A company is worried that about exchange rate would need to consider which component of the international business environment?

18. Someone that takes risks and opens his or her own business.

19. The concept of imperfect competition was developed by

20. For maximisation of profit in the short run, the condition is

21. Which type of economy lets the government & private businesses work together in order to make decisions?

22. When demand is higher than the available resources.

23. Study of collusive agreement is

24. In the case of monopolistic competition

25. A country concerned about lack of skilled workers to complete jobs in emerging careers would have potential business partners concerned with which component?

← Previous Next →

🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books

Business Economics Quiz 18 (25 MCQs)

Quiz Instructions:

Related Quizzes